Focus
banking
Government to Limit Bank Overdraft Fees
The new rule announced by the Consumer Financial Protection Bureau is estimated to eliminate $5 billion of such fees annually.
Australia’s New Front in the Battle for the Pacific: Banking and Labour
With Beijing increasing its influence in the Pacific, Australia is focusing on the basic necessities: banking and labour mobility.
ANZ Rebuts Claim That Banks Are Falling Behind on Carbon Commitments
An environmental advocacy group has claimed Australia’s biggest banks are pouring billions into fossil fuel industries.
Australia Pledges $6 Million Towards Improving Banking in the Pacific
The government will provide financial support to Australian banks to help stamp out financial crime and help them remain in the Pacific Islands.
Reserve Bank of Australia Keeps Interest Rates on Hold
The board said it remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.
Westpac CEO Believes Interest Rates May Need to Rise Further to Combat Inflation
Westpac CEO Peter King advocates further rate hikes amid his bank’s spike in profits.
AI Can Lead to Financial Instability, Low Trust in Banks: BoE Analyst
AI bias can result in decisions to offer exploitative interest rates to ethnic minorities and smaller lines of credit to women.
